Elliptic Labs: New share capital registered

31 Mar 2026 11:00 CEST

Oslo, Norway --- Reference is made to the stock exchange announcement by
Elliptic Laboratories ASA (the "Company") on 5 March 2026 regarding the
successful placement of new shares in the Company at a price per new share of
NOK 2.85, raising gross proceeds of approximately NOK 60 million (the "Private
Placement") and the minutes from the extraordinary general meeting held 27
March 2026 (the "EGM").

The share capital increase pertaining the new shares in the second tranche of
the Private Placement has been registered with the Norwegian Register of
Business Enterprises.

Following registration of the share capital increase pertaining to the new
shares with the Norwegian Register of Business Enterprises, the Company has a
share capital of NOK 1,263,367.65 divided into 126,336,765 shares, each with a
par value of NOK 0.01.

For more information, please contact:
CEO Ola Tviberg Sandstad, ola.sandstad@ellipticlabs.com
CFO Mathias Norderud, mathias.norderud@ellipticlabs.com

About Elliptic Labs:
Elliptic Labs is a global Edge AI company delivering trusted, low-power
on-device sensing at scale. Our AI Virtual Smart Sensor PlatformTM enables
intelligent, always-on contextual awareness directly on devices --- without
the need for additional hardware or continuous cloud processing.

Deployed in over 500 million devices worldwide, our platform powers
software-defined sensing across a broad range of consumer and enterprise
products. By executing compact neural networks directly on-device, our
technology delivers adaptive, real-time sensing that preserves user privacy
while minimizing power consumption.

For more than a decade, Elliptic Labs has specialized in efficient neural
network execution using proprietary runtimes and custom-built sensing models
optimized for real-world environments. Built on balanced, self-collected
datasets and engineered to operate across diverse hardware architectures, our
AI Virtual Smart Sensors enable seamless integration across product
generations and device categories.

Our solutions enhance security, personalization, productivity, and user
experience --- forming a scalable foundation for the next generation of
AI-enabled devices. Headquartered in Norway, with a presence in the USA,
China, South Korea, Taiwan, and Japan, Elliptic Labs is listed on the Oslo
Stock Exchange. All technology and intellectual property are developed in
Norway and are solely owned by the company, ensuring independence and
long-term innovation.

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

More information:
Access the news on Oslo Bors NewsWeb site

669812_Elliptic Labs- New share capital registered.pdf